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    807 Grand Central Avenue

    Lavallette, NJ 08735
    • $1,600,000
    • STATUS: Active
    • ON SITE: 22 days
    • MLS #: 22102964
    UPDATED: 30 min ago
    $1,600,000
    • 9
      BEDS
    • 0.11
      ACRES
    • 5
      BATHS
    • 1
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    County:

    School Information

    Elementary School:
    High School:

    Description

    INCREDIBLE INVESTMENT OPPORTUNITY! There has never been anything quite like this one-of-a-kind, oceanside compound offered along the beautiful shores of Lavallette, New Jersey! Comprised of two distinct structures, 807 Grand Central Avenue features both a multi-family AND single-family home just steps away from the sand. Located within a residential-commercial zone on an ocean block in the heart of Lavallette, the multi-family structure is complete with four (4) 1-bedroom, 1-bathroom apartments, each with designated private entrances and an upper-level unit which opens to an outdoor deck. All units may be rented out individually for tremendous passive income potential!Nearest the sand, a single-family residence comprised of 5 bedrooms and 1.5 bathrooms poses as a truly classic beach home, also outfitted with an upper-level deck and awe-inspiring ocean views. The current total rent in "as is" condition is ~$100,000, annually, but a little TLC brings the potential to a grand total of $150,000 - $160,000, annually. With favorable taxes, this is a truly remarkable investment opportunity. Conveniently located within walking distance to iconic bars, restaurants and so much more!

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    © 2021 Monmouth-Ocean MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS or The MEEHAN Group of RE/MAX New Beginnings Realty. Data last updated 2021-02-24T23:19:35.16.
    www.sellitpat.com/homes/113809599
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    807 Grand Central Avenue Lavallette, NJ 08735

    • Price: $1,600,000
    • Status: Active
    • Updated: 30 min ago
    • MLS #: 22102964
    9
    Beds
    5
    Baths
    1
    ½ Baths
    0.11
    Acres
    Neighborhood:
    None
    County:
    Ocean
    Area:
    Lavallette Boro (LAV)
    Elementary School:
    Lavallette
    High School:
    Point Pleasant Beach
    Property Description
    INCREDIBLE INVESTMENT OPPORTUNITY! There has never been anything quite like this one-of-a-kind, oceanside compound offered along the beautiful shores of Lavallette, New Jersey! Comprised of two distinct structures, 807 Grand Central Avenue features both a multi-family AND single-family home just steps away from the sand. Located within a residential-commercial zone on an ocean block in the heart of Lavallette, the multi-family structure is complete with four (4) 1-bedroom, 1-bathroom apartments, each with designated private entrances and an upper-level unit which opens to an outdoor deck. All units may be rented out individually for tremendous passive income potential!Nearest the sand, a single-family residence comprised of 5 bedrooms and 1.5 bathrooms poses as a truly classic beach home, also outfitted with an upper-level deck and awe-inspiring ocean views. The current total rent in "as is" condition is ~$100,000, annually, but a little TLC brings the potential to a grand total of $150,000 - $160,000, annually. With favorable taxes, this is a truly remarkable investment opportunity. Conveniently located within walking distance to iconic bars, restaurants and so much more!
    Exterior Features

    Exterior DeckLocked StorageOcean ViewPorch - ScreenedStorm Door(S) Garage Yes Garage Type Attached Lot Description Ocean Block Lot Dimensions 50 X 100 Pool YN No Roof Timberline Siding Vinyl Water Type Oceanside/Beach Blk Water View Yes Waterfront No

    Interior Features

    Basement Crawl Space Basement YN No Beds Unit1 1 Beds Unit2 1 Beds Unit3 1 Fireplace Yes Fireplaces 1.00 Floors Wood Full Baths Unit1 1 Full Baths Unit2 1 Full Baths Unit3 1 Full Baths Unit4 1 Heat AC Ac UnitsElectric Bb Heat Fuel Electric Interior AtticCable TvLocked Storage Unit1 Ac UnitElectric MeterGas StoveRefrigerator Unit2 Ac UnitGas StoveRefrigerator Unit3 Ac UnitGas StoveRefrigerator Water Heater Natural GasTank

    Property Features

    Assessment Land 410000.00 Assessment Status Assessed Assessment Total 565600.00 Deed Restrictions No Improvements Assessment 155600.00 Landlord Pays SewerSnow RemovalWaterYard Maintenance Multifamily Type Five Family New Construction No Owner Estate Tax Year 2020 Taxes 4644.00 Tenant Pays ElectricityGasHeat Water Sewer Public Sewer Zoning Central BusinessCommercialCondoMulti-FamilyMulti-UsePlanned ResidentialProfessionalResidentialSingle Family

    Listing information © 2021 Monmouth-Ocean MLS. Listing provided courtesy of Salvatore Ventre of Re/Max The Real Estate Leaders.


    © 2021 Monmouth-Ocean MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS or The MEEHAN Group of RE/MAX New Beginnings Realty. Data last updated 2021-02-24T23:19:35.16.
     
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    The MEEHAN Group of RE/MAX New Beginnings Realty
    509 Main Street
    Toms River NJ, 08753